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Jan 19, 2013
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so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007 or 2006, we see increases in production. rising house prices will affect household wealth. that is what i hope will be a better year in 2013 and 2014. a few other things that are positive, just to point out, is that state and local governments which had been very contraction remote -- great contraction ary mode, they are in better shape than they were. as a result, they will not be a drag on the academy that they have been in the last few years. -- on the economy that they have been in the last few years. energy. consumers are more
so it is a large and complex economy. i don't know if you want to talk about the broader economy or not, but we can come back to it if you like. we have been seeing some improvement in the labor market. it is still not where we would like to be. growth has been moderate. there are some positive signs to look at. one of the key positives is housing. as you know, house prices fell about 30% and the amount of construction fell extraordinarily over this recession. now for the first time since 2007...
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Jan 20, 2013
01/13
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federal spending is dragging our economy down rather than lifting our families up. it is time for democrats and republicans to work together to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year, the president is required by law to submit a budget by february 4. for the fourth time in five years, they will be late to submitting a budget to your representatives. unfortunately, the president has missed more budget deadlines than any of his predecessors. aey're supposed to submit budget. 1361 days to be exact. this is not the result of washington gridlock. majority leader harry lee said it would be foolish to produce a budget. we disagreed. with more than $16 trillion in debt, we believe it is foolish to not have a budget. in the house, we believe we need to pass a budget on time. we need to moderate spending, a our bills, keep the government running. we need a plan to slowly on the but surely walk our nation out of debt, deficit, and decline. this debatealf, -- is often argued in
federal spending is dragging our economy down rather than lifting our families up. it is time for democrats and republicans to work together to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year, the president is required by law to submit a budget by february 4. for the fourth time in five years, they will be late to submitting a budget to your representatives. unfortunately, the president has missed more...
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Jan 20, 2013
01/13
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federal spending is dragging our economy down. it is time for democrats and republicans to work together to create a plan to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year the president is required by law to submit a budget proposal to congress by february 4. the obama administration has already informed congress that for the fourth time in five years, it will be late submitting a budget to your representatives. the president has already missed more budget deadlines than any of his predecessors. the house and senate are also required by law to submit a budget each year. by april 15, tax day. the democratic one senate has not approved such a resolution in almost four years. this is not the result of washington gridlock. harry reid said it would be foolish for his party and then does the senate to produce a budget. we disagree. with more than $16 trillion in debt, we believe is foolish not to have a budget. in the house, and it will again m
federal spending is dragging our economy down. it is time for democrats and republicans to work together to create a plan to get our nation and families back on track. every family and every business has a budget. our nation should have a budget as well. every year the president is required by law to submit a budget proposal to congress by february 4. the obama administration has already informed congress that for the fourth time in five years, it will be late submitting a budget to your...
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Jan 14, 2013
01/13
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 21, 2013
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whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get a president, and i'm very happy about that. host: well, sarah, happy birthday. felicia sonmez, thoughts? guest: politics often playset by press release and statements from one side or the other, that we only see electronically or delivered from floor speeches, but what is interesting about a day like today and the state of the need is that you get to see the reaction real time. the president's supporters were definitely thrilled about everything onstage today. was also interesting was the republican members of congress up there and out they were responding. i was un
whatever happens with the economy, he can take the credit or the blame. host: sarah from boise, idaho. caller: i wanted to say how wonderful the festivities were today. it just touched my heart. just seeing all the hope on the people's faces out there, all, my goodness. even talking about it now i am getting teary-eyed again. and the love, it was wonderful. so much coal. i just know that the next four years is going to be wonderful. yesterday was my birthday. i am 63. so every four years i get...
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Jan 18, 2013
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the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left, right and center all agree on the areas we can begin to grow as a country. and as my grandfather used to say with grace of god and goodwill of the neighbors, cooler heads will prevail now between now and the time we deal with the debt ceiling and we may meet the goal which we set out to do, which is to have roughly a $4 trillion cut over 10 years in the long-term deficit and to put us on that path. talk didn't come here to about any of those important subjects today, because as important as they all are today we have a more urgent and immediate call and that is how to deal with the epidemic
the economy in great shape and move toward a balanced budget. it started off in three phases. it started off with president bush's actions, the first president bush in terms of taxation before president clinton took office. and then the actions the president took in 1994 and then in 1997. well, we think there is a third phase here that can set our country on a path that will allow us to get our debt to g.d.p., our deficit to g.d.p. down around 3%, which is the basis of all economists left,...
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Jan 21, 2013
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we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] i thought you weren't coming out! i thought you weren't coming. thought you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to say to you, you don't rush stevie wonder. pardon our delay. [applause] thank you so much. thank you for that kind introduction. more importantly, thank you for your leadership. [applause] i love joe biden. [applause] i love jill a li me. [laughter] but i want to thank you both for making this journey so much more fun. our families have bonded and this has just been a phenomenal four years. i am ready to do four more with both of you. most of all, i want to thank all of you here tonight for everything you have done to bring this inauguration to life. this weekend has been such a wo
we are going to put this nation's economy on a sustainable path to the future. ladies and gentlemen, it is my great honor to introduce you to a magnificent first lady, michelle obama and the guy she hangs out with, my friend, president barack obama. [applause] hey. [applause] i thought you weren't coming out! i thought you weren't coming. thought you changed your mind. [applause] >> hi, everybody. [applause] excuse our tardiness, but you know what? when stevie wonder has a few words to...
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Jan 15, 2013
01/13
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economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two choices here: they can act responsibly, and pay america's bills, or they can act irresponsibly, and put america through another economic crisis. but they will not collect a ransom in exchange for not crashing the american economy. the financial well-being of the american people is not leverage to be used. the full faith and credit of the united states of america is not a bargaining chip. and they better choose quickly, because time is running short. the last time republicans in congress even flirted with this idea
economy. it would slow down our growth, might tip us into recession, and ironically, would probably increase our deficit. so to even entertain the idea of this happening -- of the united states of america not paying its bills -- is irresponsible. it's absurd. as the speaker said two years ago, it would be -- and i'm quoting speaker boehner now -- "a financial disaster, not only for us, but for the worldwide economy." so we've got to pay our bills. and republicans in congress have two...
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Jan 20, 2013
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the state of the economy calls for action, bold and swift. we will act not only to create new jobs, but too late and new foundation for growth. -- but to lay a new foundation for growth. we will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs. we'll harness harness the sun and the winds and the soil to fuel our cars and run our factories. and we will transform our schools and colleges and universities to meet the demands of a new age. all this we can do. all this we will do. now, there are some who question the scale of our ambitions, who suggest that our system cannot tolerate too many big plans. their memories are short. they have forgotten what this country has already done, what free men and women can achieve when imagination is joined to common purpose and necessity to courage. when the cynics fail to understand -- what the cynics that to understand is
the state of the economy calls for action, bold and swift. we will act not only to create new jobs, but too late and new foundation for growth. -- but to lay a new foundation for growth. we will build the roads and bridges, the electric grids and digital lines that feed our commerce and bind us together. we'll restore science to its rightful place and wield technology's wonders to raise health care's quality and lower its costs. we'll harness harness the sun and the winds and the soil to fuel...
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Jan 17, 2013
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market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we will continue to strengthen our support for the entire spectrum of members through lending, capacity building, training and technical assistance. in other words, we're not only serving the needs of a selected group of companies -- a group of countries, but the entire membership. when you look at the world and see where our teams are, where there is building and technical assistance in programs, we are all over the map. and we will continue to push ahead with the important and not complete reform of " and governance
market economies. that is one aspect of the balancing that is needed, a rebalancing. we also mean by a more balanced growth, growth that is more compatible with the sustainability of our environment and the fight against climate change. what does the need for us? i remind you that, in 2013, the imf is stronger, better equipped financially. it has certainly refined some of its tools. we'll continue to strengthen our surveillance, especially on spillover effects and on the financial sector. we...
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Jan 15, 2013
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we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody needs to shoot straight. i do not know how i will vote on the particular bill. it has only come out in the last day or so. we have not anticipated and planned for these type of natural disasters. you would think we would have budgeted enough. either we're not done a good estimates or we are spending far more than we should. i will be evaluating that. i know there will be some amendments. there are some things that i don't think most americans would not funded. therein lies the challenge. every bill we vote on on typically has some things that are good and
we need to diversify our local economy in virginia. i hope we can work with both of our senators to get this done. host: we are talking with representative scott rigell. this is a headline in "the washington post." she talks about a new freshman class of republicans and your class as well that had been a headache for the speaker. there will be a test on tuesday. where do you come down on this? guest: i think we have been good for the speaker. i am not dodging the questione. everybody...
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Jan 17, 2013
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what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room. but if you go to them with a proposition, can we reduce the deficit of $150 billion? can we make the program pay its own way and can we sustain jobs and the solvency of the highway trust fund all in one, i think we'll have something to go on. again, thank you so much for the cary award. we value this and i appreciate the recognition and we want to commitment our -- continue our commitment to research and debate opportunity to share with you the thoughts on this idea. what you heard the secretary say is tony, jack and i are headed out the door. jack and
what it takes to sustain mobility, the economy, society. we can't ignore one by taking care of the other. there has to be a package deal. the simpson-bowles commission recognized it had to be part of the package. you have to demand that transportation be part of this overall solution that is put together and get into whether ideas have a better chance of enactment. but what our stance is, if you simply go to the republican caucus and say, let's raise taxes, they'll throw you out of the room....
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Jan 17, 2013
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economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the probability of a recession at 23% and for 2014, 20%. that is a little bit higher than what we typically see. we think the private sector is poised for sustainable growth. i think the housing numbers point to one area of strength, the housing market. the tax hikes at the start of 2013 will create a drag on gdp of at least 1.25%. the potential for additional budget and spending cuts from sequestration could add to the downside risks. we think resolving the debt ceiling in a timely manner and providing more clarity o
economy in 2013. real gdp growth in the nine states in the first half of 2013 before below 2% accelerating to 2.6% in the fourth quarter. the committee believes that the combination of tax hikes, a prolonged fight or the debt ceiling, and the possibility of severe spending cuts in 2013 have the potential to really stop this recovery in its tracks. one thing you will notice from our forecast table is that the recession probabilities from the committee are higher than normal. we still have the...
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Jan 18, 2013
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so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of our real estate not on our tax. our primary comes from our tax sment and our water that serve it is region. we've watched our unemployment decrease, we've out paced the national economy. last year we saw $1.1 billion in national investment. our focus has been on investing in our urban core and doing it together. a great focus on riegism. >> a question to both of you with debt in this country cities do that by floating bonds which explain how that works in mesa, arrest arrest and what that works for and how it's paid off. guest: we like to say
so when the economy goes up, we are doing well. and when consumer confidence goes down we have the roller coaster effect with our tax base. host: an economic overview of your city, where your tax structure comes from and who are your largest employers. guest: it is the largest city in our stated. we're the home to our state capitol, to a large hospital system which is our largest employer and also the army's largest training base in the world. we have a sensitive tax structure that sees 2/3 of...
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Jan 14, 2013
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it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on those other people. [no audio] my hope is that common sense prevails. that is always my preference. i think that would be the preference of the american people and it would be good for the economy. let me just repeat. if the issue is deficit reduction, getting our deficit sustainable over time, getting our debt in a sustainable place, then democrats and republicans in congress will have a partner in me. we could achieve that fairly quickly. we know what the numbers are and we know what needs to be done. we know what a balanced approach would take and we have done hal
it will damage our economy. the government is a big part of this economy. it's interesting that a lot of time you have people recognize that when it comes to defense spending. some of the same people say we have to cut spending or complain that government jobs don't do anything, but when it comes to the defense contractor in their district, they think it is an important part of the economy in their district and that we should not stop spending on that. let's just make sure we're not spending on...
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Jan 19, 2013
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argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy, constant uncertainty, and ever-changing government rules that chase jobs and opportunity overseas. one day to day life costs more, and jobs pay less, we do not solve the problem by delaying decisions, raise taxes, or refusing to tackle the most pressing economic challenges. you deserve better. with the swearing in of a new congress and the inauguration of president obama, this is the opportunity for a fresh start, but because government debt affects all of us, republicans will not simply provide a blank check for uncontrolled spending , a rational borrowing, and constant nickel and dime tax increases. the issues that we face today are not an impossible obstacle. they are merely the challenges of our time. we have the guidance of great leaders of the past that have faced tougher challenges than this with grace and dignity like dr. martin luther king jr., who won said the most persistent and urgent question is what are you doing for others? it is a good word for all of us , and a clari
argued in numbers and figures, but it is really about families like yours that bear the burden of a slow economy, constant uncertainty, and ever-changing government rules that chase jobs and opportunity overseas. one day to day life costs more, and jobs pay less, we do not solve the problem by delaying decisions, raise taxes, or refusing to tackle the most pressing economic challenges. you deserve better. with the swearing in of a new congress and the inauguration of president obama, this is...
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Jan 14, 2013
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if you shocked the global economy, the rest of the world disdains the united states for the actions it has taken. if you look at the other contending forces, the unexpected consequences of the gop tectonics' strategic shift that you will get -- geotectonic shift that you get will not be meet. it will not be in a defined box like when you have no real collision. it is a destructive global event and we need to be clear what those consequences are. i think you will hear that from him when he gets -- gives testimony in the senate. host: this is in "the new york times on the magazine's report of none of this works, the president will use military power against iran. i am sure of it. guest: i think he has had conversations we have not had with the president and he has that understanding. this is not a president who want to be remembered as having been an appeaser. i do think if it moved to that level, and i do not think we are there yet, the president will probably initiate force. host: there is this from one of our viewers saying that obama knows at least one of his nominees will have to go
if you shocked the global economy, the rest of the world disdains the united states for the actions it has taken. if you look at the other contending forces, the unexpected consequences of the gop tectonics' strategic shift that you will get -- geotectonic shift that you get will not be meet. it will not be in a defined box like when you have no real collision. it is a destructive global event and we need to be clear what those consequences are. i think you will hear that from him when he gets...
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Jan 13, 2013
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and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan over taking the united states. in the 1990's, it was all about the technical -- tech buble. i think the last decade will be remembered for the rise of the bric countries. never before did we see so many countries boom simultaneously. that boom is coming to an end. the rising tide of global liquidity that lifted countries is ebbing. we have to figure out which ones will truly rise and which ones will fail. we need to do it over a reasonable time frame. the timeframe they used to analyze this is 50 or 100 years. my p
and global economy. guest: i have been looking at these countries and investing in them for nearly two of decades now. i have also been writing about them. i was keen to share what exactly is going on in these countries, which ones are likely to rise and fail in the years ahead. what struck me as i was doing the research is that there are many things that capture the imagination of investors for a decade, a rarely do they last for more than a decade. in the 1980's, we have paranoia about japan...
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Jan 16, 2013
01/13
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the economy is hurting. the economy is waiting to take off if the president and the senate that is bogging down bills that would free up the economy to go -- if they would get out of the way, this economy would go and people would get to work, wouldn't need unemployment and wouldn't need to beg to the master government, but do it on their own as free people. it's time to get back to following the rule of law. it's time to get back to having a government that doesn't put off the current debt on future generations, because if we don't , our names will not be called blessed by future jean rations. den jations. we will be cursed. it is my prayer that we get to be responsible in the coming months and the only way we can get there is if people are honest about our history. and with that, i yield back. the speaker pro tempore: the gentleman yields back the balance of his time. the chair will remind members to refrain from engaging in personalities towards the president for what purpose does the gentleman from texas
the economy is hurting. the economy is waiting to take off if the president and the senate that is bogging down bills that would free up the economy to go -- if they would get out of the way, this economy would go and people would get to work, wouldn't need unemployment and wouldn't need to beg to the master government, but do it on their own as free people. it's time to get back to following the rule of law. it's time to get back to having a government that doesn't put off the current debt on...
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Jan 15, 2013
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even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and despite that conversation, and despite the election results, the position that's been taken on the part of some house republicans is that, "no, we've got to do it our way, and if we don't, we simply won't pay america's bills." well, that can't be a position that is sustainable over time. it's not one that's good for the economy now. bes certainly not going to the kind of precedent that i want to establish not just for my presidency, but for future presidents, even if it was on the other side. democrats don't like voting for the debt ceiling when a republican is president, and yet y
even the threat of default hurts our economy. it's hurting our economy as we speak. we shouldn't be having that debate. if we want to have a conversation about how to reduce our deficit, let's have that. we've been having that for the last two years. we just had an entire campaign about it. and by the way, the american people agreed with me that we should reduce our deficits in a balanced way that also takes into account the need for us to grow this economy and put people back to work. and...
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Jan 18, 2013
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we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the robin hood tax can generate $350 billion -- they have bipartisanship. they're keeping everything off the agenda that is important to us. they have bipartisanship on that. we cannot compromise our principles. we can compromise on taxes, the people have to say, line in the sand. learn that from the labor movement. say, this is a line that you do not cross. we want their jobs back. we want our pensions. we want to raise standards for everyone in america. nurses do not want to discriminate. we want a civil society. we want a society -- where
we're going to fight for a real economy. our economy has been hijacked -- we can talk about all the problems, talk endlessly about what i heard yesterday -- i heard about a woman yesterday. we heard about a real woman yesterday from michigan who actually chose to have her leg amputated because she could not afford the antibiotics in terms of taking care of her leg. she had her leg amputated because of money, because of money, because we do not have a health care system. it is a disgrace. the...
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Jan 16, 2013
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caller: this is all about stimulating the economy and everything. what about the hundreds of manufacturers and their jobs. these people will be out of work. host: josh gets the last word. a reminder you can continue the conversation on line with our facebook page, facebook.com/c-span. also on twitter using the #gun control. coming up this afternoon we'll bring you live coverage of a discussion up on capitol hill, the house democratic steering and policy committee looking at the issue of gun violence. they'll hear from the newtown connecticut school superintendent, and the philadelphia mayor. that's coming up at 2:00 eastern. live here on c-span. we also plan to he show you the president's comments once again this evening at :00 even here on c-span. you can find it in our video library as well. you saw some of the comments earlier from senator patrick leahy, the chairman of the judiciary committee. next up his entire speech and questions from law students at georgetown university, a preview of the judiciary committee's agenda for 2013. >> dean, thank
caller: this is all about stimulating the economy and everything. what about the hundreds of manufacturers and their jobs. these people will be out of work. host: josh gets the last word. a reminder you can continue the conversation on line with our facebook page, facebook.com/c-span. also on twitter using the #gun control. coming up this afternoon we'll bring you live coverage of a discussion up on capitol hill, the house democratic steering and policy committee looking at the issue of gun...
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Jan 18, 2013
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host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton, harrisburg, bernadine no -- san bernardino -- these are the exceptions. we are in fairly good financial shape. the biggest challenges we have a are the same as a lot of others. business, pension debt. that seems to be the one factor of many of these cities. host: how much goes to a pension? how much is taken off the top before you can do anything? guest: in most cities, 70% + goes to public safety or more. 70 plus percent side of any department -- you can imagine what that does to a city budget. in mesa, with a debate on the publi
host: the budget, economy, guns. presidentr from vice- biden in a few minutes as he addresses the gun issue. our phone lines are open. you can send us the e-mail or join us on our twitter page. let me ask you both about what is happening in number of other cities. harrisburg, pennsylvania. you talk about infrastructure. facing or discussing the possibility of bankruptcy. as you look at what other cities are dealing with, what lessons can you apply to your respective cities? guest: scranton,...
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Jan 16, 2013
01/13
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that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget from this administration? everything you said is untrue? where is the budget? this has been four years. guest: the administration has presented a budget every year. it is cannot correct to say we have not presented a budget. the house has presented budgets that almost no democrat could vote for. the senate has a 60-vote requirement has been unable to find common ground within their ranks. they have rejected the house republican budget. it is not correct to say the administration has not provided a budget. host: senate democrats. guest: it takes 60 votes. jun
that is such a serious threat to the economy of this country. credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: the credit agencies have said you also need to address spending. guest: it is balance verses in balance. host: junior, independent caller. caller: why do you stand there telling us stuff that you know it is not true? when are we going to see a budget...
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Jan 21, 2013
01/13
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apart from individual issues, whether it is a gun safety or the economy or foreign policy, the challenge is to overcome those obstacles that the political culture place in front of them. host: a call from cincinnati, ohio. good morning and welcome to the program. caller: in a country where originally white people were not even citizens of this country and now we have a black president, i think we've come a long way. i feel that president obama has not done enough for either side. i think in the beginning it was an issue for him. now he's just like, i am going to be the president. but there are still people who cannot get past that. how does that affect his second term? i have to say, particularly republicans -- how do we get people over the issue of his race? guest: the sad reality is, there are some people that -- i do not think we want to make the mistake of exaggerating their numbers -- there are some people for whom they will never get over the issue of race. there are other people who quite sincerely, for reasons having nothing to do with race, believe that the president's agenda, i
apart from individual issues, whether it is a gun safety or the economy or foreign policy, the challenge is to overcome those obstacles that the political culture place in front of them. host: a call from cincinnati, ohio. good morning and welcome to the program. caller: in a country where originally white people were not even citizens of this country and now we have a black president, i think we've come a long way. i feel that president obama has not done enough for either side. i think in the...
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Jan 14, 2013
01/13
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banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with these rules. financial institutions will complain about any regulation because they did not want to be subject to kinds of rules that instruct them in how to do their business. when you read the complaints from the financial industry, i would say we have to take some of those with a grain of salt. host: gretchen morgenson is the "the new york times" assistant business and financial editor. she was co-author of "reckless endangerment.' guest: who basically were the interco parties in creating the crisis decades later. host: don is next from c
banks are an integral part of the economy. they finance new job growth and new companies and people being able to buy a home, which is typically the largest single investment they will ever make. banks are crucial to this entire process. we need them to be there to help consumers and businesses finance their operations. the balancing act is not being too strict so that they will draw in and not land but not being too lax. that is a fine line. we shall we shallthe cfpb has achieve that with...
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Jan 19, 2013
01/13
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if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if the example of our fathers and mothers will inspire us or condemn us. we must show courage in a time of blessing by confronting problems instead of passing them on to future generations. together, we will reclaim america's schools, before ignorance and apathy claim more young lives. we will reform social security and medicare, sparing our children from struggles we have the power to prevent. and we will reduce taxes, to recover the momentum of our economy and reward the effort and enterprise of working americans. we will build our defenses beyond challenge, lest weakness invi
if we permit our economy to drift and decline, the vulnerable will suffer most. we must live up to the calling we share. civility is not a tactic or a sentiment. it is the determined choice of trust over cynicism, of community over chaos. and this commitment, if we keep it, is a way to shared accomplishment. america, at its best, is also courageous. our national courage has been clear in times of depression and war, when defending common dangers defined our common good. now we must choose if...
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Jan 13, 2013
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to afghanistan, will be beneficial to the afghan people and will not have adverse effects on afghan economy and the prosperities that we have gained. in the past many years. we also discussed the issue of election in afghanistan and the importance of elections for the afghan people with the hope that we'll be conducting a free and fair election in afghanistan where our friends in the international community and particularly the united states will be assisting in conducting those elections. of course. where afghanistan will have the right environment for conducting elections without interference and without undue concerns in that regard for the afghan people. we also discussed in a bit of detail and in the environment that we have all aspects of the bilateral security agreement between afghanistan and the united states, and i informed the president that the afghan people already in the -- called for the strategic partnership agreement between us and the united states have given their approval to this relationship and they value it as one that is good for afghanistan. so in that context the b
to afghanistan, will be beneficial to the afghan people and will not have adverse effects on afghan economy and the prosperities that we have gained. in the past many years. we also discussed the issue of election in afghanistan and the importance of elections for the afghan people with the hope that we'll be conducting a free and fair election in afghanistan where our friends in the international community and particularly the united states will be assisting in conducting those elections. of...
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Jan 19, 2013
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saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off twitter said this is a reasonable offer if the democrats do not accept it he adds nice play, g.o.p. host: republican line? caller: yes, there are two features on this proposed legislative action. they have different levels of support for me. i do support the concept of withholding pay for not having a budget. i mean, not only should the federal government have a law regarding that but i think each individual state should enact a legislative negligence act that if you don't fulfill that responsibility of having a budget, you do not get paid and you get barred from running for future elective office. with reg
saying we are encouraged there are signs the republicans may back off on the insistens of holding our economy hostage to drathsically cut programs and democrats and republicans must pass a clean bill. caller: i heard this. and i heard jay cornyn say that. i know what he said. but they also said that they want a clean debt ceiling. not every three months you're going to have the same thing over again. they want it for a whole year. not this three-month extension. host: jeff this morning off...
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Jan 21, 2013
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because the economy has improved, we are moving forward, we can see a very different kind of tone but things are not perfect and there are other issues in the country. we are in a somewhat somber mood again. host: woodrow wilson did not hold inaugural balls because it was too somber occasion? guest: woodrow wilson was a very tough-minded political scientist. he is there one and only ph.d. to serve in the white house. some might say we are a bit on the staid side. i think he was also a somber personality. it is hard to find photographs of woodrow wilson looking charismatic and acted. part of it was that and we should remember that for his second inaugural, world war i was the context and that was serious and difficult times. host: we're talking with professor barbara parry and professor lucane as we continue to look at live pictures from around washington. about 800,000 is the estimate of people coming down to join the president for his ceremonial inauguration. he was officially and constitutionally inaugurated and sworn into office yesterday. today, it is ceremonial and we will begin
because the economy has improved, we are moving forward, we can see a very different kind of tone but things are not perfect and there are other issues in the country. we are in a somewhat somber mood again. host: woodrow wilson did not hold inaugural balls because it was too somber occasion? guest: woodrow wilson was a very tough-minded political scientist. he is there one and only ph.d. to serve in the white house. some might say we are a bit on the staid side. i think he was also a somber...
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Jan 17, 2013
01/13
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because of funding and what it is in today's world and the economy and education, we know how they're strapped. i have four s.r.o.'s at one time. i now have one. that's not a desired situation by the school or by my department. yes to the funding piece. to the mental health piece, the s.r.o.'s, they know the kids. they know when they don't look right. what's going on today? they have friendships and they talk. someone else will say, have you seen his facebook page, or i am being taken down, bullied on facebook and all the things that lead us to mental health issues. and in regard to mental health issues, today, the officer on the street gets called because someone is having an episode of some nature and maybe a family member calls or maybe a co-worker calls or maybe they're just out and about having some sort of episode. the officer comes, evalue waits and determines, something is going on. this person needs to be seen. they've committed no crime a lot of the time, but you can't believe. so they in minnesota and i think this is similar throughout our country execute what's called the
because of funding and what it is in today's world and the economy and education, we know how they're strapped. i have four s.r.o.'s at one time. i now have one. that's not a desired situation by the school or by my department. yes to the funding piece. to the mental health piece, the s.r.o.'s, they know the kids. they know when they don't look right. what's going on today? they have friendships and they talk. someone else will say, have you seen his facebook page, or i am being taken down,...
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Jan 20, 2013
01/13
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for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly constant. host: our first president was sworn in on april 30 in new york city. it has moved back and forth from the east front to other locations on capitol hill. from harry truman through jimmy carter, it was always on the east front of the capital. moved by the congressional committee to the west front in 1985, which is where it remains today. kansas, independent line, good morning. caller: i think it is amazing that we all want to complain about every penny that is spent in washington, d.c., because of the inauguration. this is something special that happ
for washington, this is a great injection into the economy. host: this is from one of our viewers -- guest: thought the inauguration funding has not changed very much. the best comparison for this year is 2005, the george w. bush second inauguration, $45 million was raised for his committee. security costs there were comparable. there rose fivefold after 9/11. by 2005 they were in the $100 million range. this inauguration, despite hardships, the numbers are staying fairly concept -- fairly...
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Jan 16, 2013
01/13
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that is such a serious threat to the economy of this country. you i think saw in the clips this morning that credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: i want to get viewers involved but the credit agencies have said you also need to address spending. guest: that's agreed. we talk about balance. it's balance versus inbalance. balance has to win. host: let's get our viewers involved. junior in virginia, independent caller. hi, junior. caller: mr. levin, why are you standing there telling us stuff that you know is not true ? when are we going to see a budget from this administration? everything you said is untrue? we know it's untrue. host: what did he say specifically that is untrue? caller: blaming the republicans. four years we've been under this -- guest: junior, the administration has presented a budget every year. it's not correct to say they haven't presented a budget. we've been dead locked within the
that is such a serious threat to the economy of this country. you i think saw in the clips this morning that credit agencies are saying once again the credit of this country is threatened. are we really going to put in jeopardy the full faith and credit of the united states of america? host: i want to get viewers involved but the credit agencies have said you also need to address spending. guest: that's agreed. we talk about balance. it's balance versus inbalance. balance has to win. host:...
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Jan 22, 2013
01/13
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together, we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. free market only thrives when vulnerable, and protect its people from life's worst hazards and misfortune. through it all, we have never relinquished our skepticism of central authority, nor have we succumbed to the fiction that all society's ills can be cured through government alone. and enterprise, our insistence on hard work and personal responsibility, these arebut we have always understood founding principles requires new freedoms ultimately requires collective action. for the american people can no more meet the demands of today's world by acting alone than american soldiers could have met the forces of fascism or communism with muskets and militias. we'll need to equip our children roads and networks and researchnow, more than ever, we must do these things together, as one nation and one people. (applause) this generation of americans has been tested by crises that steeled our resolve and proved our resilience. a decade of war is now
together, we determined that a modern economy requires railroads and highways to speed travel and commerce, schools and colleges to train our workers. free market only thrives when vulnerable, and protect its people from life's worst hazards and misfortune. through it all, we have never relinquished our skepticism of central authority, nor have we succumbed to the fiction that all society's ills can be cured through government alone. and enterprise, our insistence on hard work and personal...
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Jan 21, 2013
01/13
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together, we determined a modern economy require railroads and highways to speed travel and commerce, schools and colleges to train our workers, and together we discovered a free market only thrives when there are rules to ensure competition and fair play. together, we result that a great nation must care for the vulnerable and protect its people from lights worse hazard and misfortunes. through it all, we have never relinquished their skepticism of central authority, nor have we succumbed to the fiction that all society's ills can be killed -- can be cured through government alone. our celebration of enterprise, our insistence on hard work and personal responsibility, these are constants in our character. but we have always understood that when times change, so must we. fidelity to our founding principles requires new responses to new challenges. preserving our individual freedoms ultimately requires collective action. the american people can no more meet the demands of today's world by acting alone that american soldiers could have met the forces of fascism or communism with muskets
together, we determined a modern economy require railroads and highways to speed travel and commerce, schools and colleges to train our workers, and together we discovered a free market only thrives when there are rules to ensure competition and fair play. together, we result that a great nation must care for the vulnerable and protect its people from lights worse hazard and misfortunes. through it all, we have never relinquished their skepticism of central authority, nor have we succumbed to...